China sees big surge in shale gas output in 2 years, paper says

China expects its shale gas output to surge significantly in the coming two years and possibly reach the target of 6.5 billion cubic meters by 2015, Shanghai Securities News reported Tuesday, citing sources from the Ministry of Land and Resources. The projection appears to be somewhat optimistic, given that the nation’s shale gas production last year amounted to just 200 million cubic meters. The National Energy Administration said in a recent circular that China could produce 1.5 billion cubic meters of shale gas in 2014. The figure would need to be quadrupled to reach the goal set for 2015, the report noted.

Apple Inc. has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing amid waning smartphone sales, Reuters reports. The US tech behemoth issued a rare...

Hong Kong Monetary Authority (HKMA) chief executive Norman Chan Tak-Lam will retire from his post on Oct. 1, a day after his second five-year term expires, Financial Secretary Paul Chan Mo-po announced on Thursday....

US President Donald Trump called on the country’s telecommunications companies to boost their work to build faster 5G wireless communications networks, saying they were lagging and at risk of being left behind by other countries’...

The People’s Bank of China (PBoC) is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such...

Property developer New World Development (NWD) on Wednesday announced the creation of Hong Kong’s first property-purchase blockchain platform, in collaboration with Hong Kong Applied Science and Technology Research Institute Company (ASTRI). Bank of China...

Chinese smartphone makers have been making lots of improvement in the design and application of their products over the past few years. While many believe that Samsung Electronics and Apple are still the frontrunners...